Knorr-Bremse AG’s €1 Billion Secondary Sale of Ordinary Shares

Cravath, together with Hengeler Mueller, represented KB Holding GmbH in connection with its €1 billion secondary sale of ordinary shares of Knorr-Bremse AG to institutional investors. KB Holding GmbH, an entity controlled by Heinz Hermann Thiele, is the majority shareholder of Knorr-Bremse AG, a leading global manufacturer of brake systems and a supplier of additional safety-critical sub-systems for rail and commercial vehicles. The transaction closed on September 15, 2020.

The Cravath team included partner Philip J. Boeckman and associate Brian T. Bodensteiner.